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Shortermreversal

🔥 15% - 30% Upside Potential | SRF| Rising Wedge Patter🔥 15% - 30% Upside Potential | NSE:SRF | Rising Wedge Pattern | Midterm Investment Idea ✅ Buy Level - Rs 2560 - 2570 ✅ SL - Rs 2482 ✅ Target - Rs 2645/2689 ✅ Rissing Wedge Pattern on 1 day time-frame ✅ Double Bottom ✅ RSI moving upwards of 60 Trade :- ✅ Buy Future Rs Rs 2560 - 2570 ✅ Buy Equity Look at the chart for more information Do share your thoughts on the analysis. Lets decode the charts together.
NSE:SRFLong
by Nivesh_Labs
BTC - H1/M15 - CLOUDS, CLOUDS AND CLOUDS...H1 : Currently above the clouds support zone and also above the downtrend line resistance. Nevertheless, indicators looks tired, 3 successive dojis patterns and after having nearly reached the 78.6% Fib ret @ 55741, it is likely to see a trend reversal. Watch Mid Bollinger Band as the first significant support as a failure to hold above it, would give the first signal of an upcoming downside move calling for a move towards the 53000/52000 area, being the clouds support area. On the upside, watch former high and 55750 as first minor resistance area; above focus will be on former high @ 57207 M15: Switched from an uptrend channel to a sideways-slightly downside new channel and currently testing the clouds support area and also the middle level of this new downtrend channel. An exit, on the downside, of the former uptrend channel, currently around the 54000 would confirm further downside.
BITSTAMP:BTCUSD
by Ironman8848
9
BTC - H1/M15 - PULLBACK ?H1 : Currently in a downtrend channel. In order to neutralise this ongoing bearish price action, we need to see an exit on the upside of this downtrend channel. Important to note that the Mid Bollinger Band in this time frame coincides also roughly with the resistance level of the downtrend channel. M15 : Indicators are showing some signs of potential bullish divergences. Therefore, watch carefully at the ongoing period in progress and at the upcoming too. If bullish divergences are confirmed, that would open the door for a rally towards the 54000/54300 area which would be the first cluster resistance and then the next resistance area would be the clouds zone with the first Fibonacci retracement @ 55160 Globally picture remains heavy and any long positions, for the time being should only be initiated on a tactical view in a very short term trading horizon in a broad bear trend which took place following recent development in D1 and H4
BITSTAMP:BTCUSD
by Ironman8848
BTCUSD - H1/M15 - ONGOING CORRECTIVE MOVE IN PROGRESS !H1 : The expected Head and Shoulders formation mentioned in my yesterday's analysis failed !! As mentioned in my previous D1/H4 analysis, it it likely to see some correction after the rally seen recently. The ongoing expected move is under way calling for a move towards the former high @ 52652 which was the former resistance and becomes now the new first significant support level. A breakout of that level would put the focus on MBB, currently @ 52161 and KS @ 51908 M15 : Looking at the latest development, we can clearly see the uptrend line support (in green) which coincides, currently, also with the clouds support zone and also with the first Fibonacci retracement, 38.2 % @ 52516. Interesting to note that the 50 % Fib ret is also the bottom of the clouds Watch carefully ongoing price action over the coming period (s) Have a nice trading day All the best Take care
BITSTAMP:BTCUSD
by Ironman8848
1